Viacom Inc. (VIA) Given Consensus Rating of “Hold” by Brokerages
Shares of Viacom Inc. (NASDAQ:VIA) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $43.00.
Several research firms have recently issued reports on VIA. Citigroup Inc. lowered shares of Viacom from a “neutral” rating to a “sell” rating in a research note on Monday, October 9th. UBS AG reiterated a “buy” rating and issued a $45.00 target price (down previously from $50.00) on shares of Viacom in a research note on Wednesday, August 9th.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc grew its position in Viacom by 3,470.8% during the second quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock valued at $130,000 after buying an additional 3,332 shares during the period. Public Employees Retirement System of Ohio grew its position in Viacom by 31.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock valued at $167,000 after buying an additional 1,046 shares during the period. California Public Employees Retirement System bought a new position in Viacom during the first quarter valued at about $224,000. Citigroup Inc. bought a new position in Viacom during the second quarter valued at about $195,000. Finally, Pinnacle Associates Ltd. grew its position in Viacom by 50.7% during the second quarter. Pinnacle Associates Ltd. now owns 7,315 shares of the company’s stock valued at $278,000 after buying an additional 2,460 shares during the period. Institutional investors own 2.28% of the company’s stock.
Viacom (VIA) traded down 0.88% on Wednesday, reaching $33.65. 44,824 shares of the company were exchanged. The company’s 50-day moving average price is $36.52 and its 200-day moving average price is $39.45. The stock has a market capitalization of $13.53 billion, a P/E ratio of 9.26 and a beta of 1.43. Viacom has a 12-month low of $30.55 and a 12-month high of $49.00.
Viacom (NASDAQ:VIA) last posted its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The firm had revenue of $3.36 billion during the quarter. Equities research analysts anticipate that Viacom will post $3.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.80 annualized dividend and a yield of 2.38%. Viacom’s payout ratio is currently 21.98%.
Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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